PPP Loan Data — J'S Amazing Cookies, Inc, Corona, CA
J'S Amazing Cookies, Inc is a corporation located at 1450 W 6th Street # 103 in Corona, California that received a Coronavirus-related PPP loan from the SBA of $46,632.00 in June, 2020. This business is a Cinnabon franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:CDC Small Business Finance Corporation
J'S Amazing Cookies, Inc in Corona, CA received a Paycheck Protection Loan of $46,632 through CDC Small Business Finance Corporation, which was approved in June, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, J'S Amazing Cookies, Inc's 2019 payroll expenses are estimated to be at least $223,834.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,383 per employee1
Reported PPP Proceed Usage:
On the PPP application, J'S Amazing Cookies, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,632
Business Information - J'S Amazing Cookies, Inc in Corona, CA
1450 W 6th Street # 103
Corona, CA 92882
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Corona
In the Corona area, 43 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 10) and received an average PPP loan of $60,966 (compared to this company's $46,632).
Similar Nearby Businesses Who Received PPP Funding:
Saint Mary And San Karas Of Corona Inc
LIN Ji Inc
Orwick Corona Restaurants LLC
MK Investments LLC
Saer & Houri Inc
Yogi Pramukh Urk Managments LLC
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 110% higher than J'S Amazing Cookies, Inc's reported 10 employees, and received an average PPP loan of $100,980, 117% higher than this company's loan of $46,632.
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